PALO ALTO, CA — (Marketwire) — 07/26/11 — Founder Tim Schigel today announced the appointment of Kurt Abrahamson as the company-s new Chief Executive Officer, effective immediately. ShareThis is the world-s largest sharing marketplace, built for advertisers and publishers to tap into the economic value of sharing and influence across the Web. Abrahamson will be charged with scaling the ShareThis platform to become an industry standard by driving new economic value for the entire online economy of publishers, consumers and advertisers. Schigel will remain Chairman of the Board and will continue to participate in the daily operations of the business, working closely with Abrahamson as ShareThis enters this new phase of growth.
“We chose Kurt not only because of his incredible reputation and stellar track record in growing companies in this space, but because he has the vision and experience to lead ShareThis as it transforms the economics of online advertising across the Web,” said Schigel, ShareThis founder. “He brings both operational expertise and market vision that will be critical as we enter this pivotal stage in the company-s growth.”
Abrahamson most recently served as CEO of SocialMedia.com, a leader in online display advertising, which was recently acquired by LivingSocial. Abrahamson came to SocialMedia.com from Google, where he first served as Director of the Content Media Group. In this position, he helped lead the global launch of Google AdSense, managed the direct sales channel for publishers, and secured long-term deals with five of the top 10 Web properties. Abrahamson also served as the Director of Global Sales & Operations Strategy and as Director of Sales Operations for North America. Prior to working at Google, he served as Chief Operating Officer of Jupiter Communications and as President of Jupiter Media Metrix, where he helped build their business from a small 12-person group to 520 employees worldwide, establishing Jupiter as one of the leading Internet research organizations.
“Sharing is the Web-s most explicit indicator of consumer influence and economic value of online content,” said Abrahamson, CEO. “Yet brands and publishers are still searching for a way to understand and realize the potential of sharing in driving value for the entire economy of publishers, advertisers and consumers. ShareThis is arguably the only company in the world with the scale, depth and vision to transform the industry by taking advantage of this fundamental human behavior and delivering on the value of sharing. I couldn-t be more excited at the opportunity to shape the strategic vision and execution of its next phase of growth.”
ShareThis is the largest market for sharing and influence across the web, reaching more than 400 million users across nearly 1 million sites. ShareThis makes content more engaging for publishers and marketing more impactful for brands by tapping into its true influence and value. Based in Palo Alto, CA, with offices in New York and Cincinnati, the company is privately held with funding from Draper Fisher Jurvetson, Blue Chip Venture Company, DFJ Mercury, Illinois Ventures, Matthew Pritzker Company, Queen City Angels and RPM Ventures and Reservoir Partners.
Aly Brady
LaunchSquad
415.625.8555
sharethis (at) launchsquad (dot) com
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